Sthree Nidhi Organization is a cooperative federation which was initially set up for women and their self help groups as a respite from the high-interest charging private MFIs in Andhra Pradesh. The organization is now looking to raise as much as INR 10 billion from private banks, and expand its […]
Brazil microinsurance regulatory body Susep, which began its operations in October 1 has a number of large insurance companies lining up to register for microinsurance products, eager to tap the largely underserved microinsurance market in Brazil. Read more here.
Microfinance companies are now looking at providing the poor farmers in Africa with crop insurance. This is based on a successful model in India wherein insurers use a reliable weather predicting system to work out claims and in the process also make reliable returns. Read more here.
The Latin American country of Peru has been awarded the title of the country with the best legal, policy and other frameworks which facilitate the growth, fair governance health competition of microfinance stakeholders, globally. Peru and Bolivia have emerged the leaders in the rapidly progressing microfinance operations in the Latin […]
The Asian arm of Morgan Stanley bought about 4.5 million shares of SKS Microfinance, the Indian microfinance company that threw the microfinance sector into a lurch in 2010 with the epicentre of its operations in Andhra Pradesh. These shares were bought through a bulk deal offered by the BSE or […]
The underwriting companies in the Nigerian insurance sector are highly segmented because of the market influence of a few powerful players. Most of these companies have yet to show any real interest in the microinsurance sector of Nigeria. Read more here.
According to Dr Bwalya N’Gandu, the Bank of Zambia Deputy Governor of Operations, about 90 per cent of all the microloans given to people currently is for consumption purposes, and a complete mismatch from microfinance’s idealistic aim of supporting entrepreneurial activities. He has called on the microfinance sector of the […]
This report, supported by the Microinsurance Centre, IFAD, and Microfinance Centre, is meant to be a guide for microinsurance institutions and agencies. It introduces a technique called ‘process mapping’ which essentially helps the institutions understand, develop and improve their business processes. Read the report here.
Identified blocks of state land in 15 locations in Colombo city will be utilized for the purpose of constructing low cost housing units for the underserved and poor people in Colombo, according to a proposal made by the President of the country. Read more here.
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